Next Week
"The week to September 10 kicks off with Labor Day holiday closures on Monday in both the United States and Canada. Brazil and numerous Asian countries also celebrate holidays during the week...."
Forex blogs - Currency Thoughts
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"The week to September 10 kicks off with Labor Day holiday closures on Monday in both the United States and Canada. Brazil and numerous Asian countries also celebrate holidays during the week...."
Do Flexible Exchange Rates Serve the Public Good?
"While I was a graduate student in economics specializing in international trade and finance, a hot debate at the cusp between the 1960s and 1970s was whether the world and U.S. economies would be bett..."
Worst U.S. Services Activity Since January, Poorest Compared to Euro Area in Nine Months
"The Institute of Supply management reported a 2.8-point decline last month in the non-manufacturing U.S. purchasing managers index. At 51.5, such was two points plus weaker than forecast, the lo..."
Reserve Requirements Hiked Three Percentage Points to 8% in Indonesia
"Bank Indonesia released a statement after surprising analysts with an increase to 8% from 5% in in reserve requirements, which could herald interest rate tightening before much more time elapses. ..."
Little Change in the Dollar Ahead of U.S. Jobs Report
"The dollar edged up 0.2% against the yen and the Swiss franc and by 0.1% versus the Australian and Canadian dollars. The dollar fell 0.3% against the kiwi and by 0.1% against the euro. The..."
Swedish Riksbank Repo Rate Lifted After Majority Vote
"The first tightening on July 1 doubled the repo rate to 0.5%, and today’s action raises such by an additional 25 basis points. The Riksbank is one of few central banks to publish a predict..."
Malaysian Monetary Tightening Paused
"Following hikes of 25 basis points each this past March, May and July, Bank Negara Malaysia left its key policy rate at 2.75% today and released a message that called the rate level appropriate and ac..."
ECB Retains Enhanced Credit Support and Key Rate Structure
"The Governing Council made no change in the configuration of its short-term interest rates. They are a 1.0% refinancing rate flanked symmetrically by a 0.25% deposit rate and a 1.75% marginal le..."
Pound Softer Following Some Poor Data, Investors Await ECB
"Sterling fell 0.4% against the dollar, which otherwise is down 0.4% against the kiwi, 0.3% versus the yen and Swissy, and 0.1% against the euro. The dollar edged 0.1% higher against the Aussie d..."
Explosive Growth in Foreign Exchange Market Volume Continued in 2007-2010
"The Bank for International Settlements in Basle, Switzerland coordinates a triennial survey of global currency market transaction volume. A survey taken this spring revealed daily turnover of $3..."
Brazilian Selic Rate Left at 10.75%
"The interest rate policy board, Copom, at the Banco Central do Brasil paused the tightening of its key interest rate as analysts anticipated. Hikes implemented of 75 bps on April 28, another 75..."
Tidsstämpel: 2010-09-02 04:04
Taggar: rate
Taggar: rate
Stock Price Movements Since Their Late-April Peak
"The Dow Jones Industrial average is 8.5% below its closing on April 26 in spite of the very robust beginning to September. That loss is greater than the net decline of 6.9% in the British Ftse a..."
Tidsstämpel: 2010-09-01 17:54
Taggar: Inga taggar
Taggar: Inga taggar
U.S. Regains PMI-Manufacturing Lead From Europe
"The U.S. minus euro area PMI differential in manufacturing swung to +1.2 in August from minus 1.2 in July. The spread had been negative in July for only the first time since December 2008, avera..."
Dollar Starts September with a Drop
"The dollar lost 1.5% against the Australian dollar, 0.9% versus the euro and kiwi, 0.6% relative to the Canadian dollar, 0.3% against sterling, 0.2% against the yen and 0.1% versus the Swiss franc...."
Pundits Digesting Nuances of Signals from the Fed, Bank of Japan and ECB
"Among the most telling comments in the August FOMC minutes is the sentence, “Members generally saw both employment and inflation as likely to fall short of levels consistent with the dual mandat..."
Russian Key Interest Rate Left Unchanged at 7.75%
"Bank Rossii left the Russian refinancing rate at a record low of 7.75%. It has been at that level since a 25-basis point cut effective last June 1st. From April 2009 until then, there were..."
Similar Canadian and U.S. Growth Trends
"Canadian real GDP advanced 2.0% at a seasonally adjusted annualized rate (saar) in the second quarter and by 3.4% between 2Q09 and 2Q10. These results, announced earlier today, resemble U.S. tre..."
Stocks Closing Out a Bad Month on a Weakening Note
"Japan’s Nikkei tumbled 3.6%, extending August’s loss to 7.5% and the decline since April 26 to 21%. Stocks also fell 1.0% in Hong Kong and South Korea, 1.6% in Taiwan, 1.1% in Austra..."
Tidsstämpel: 2010-08-31 13:36
Taggar: Inga taggar
Taggar: Inga taggar
August 2010 in Figures
"August had a different mood from July. Long-term interest rates tumbled, and the dollar rose except against traditional carry trade funding currencies like the Japanese yen and Swiss franc. ..."
North American Data This Monday Morning
"The Canadian current account deficit widened 30.2% last quarter to CAD 11.0 billion (equivalent to around 2.6% of GDP) as the trade balance swung into the red for the first time since 3Q09. Afte..."